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Author Topic: Is india going to uplift the ban on cryptocurrencies?  (Read 261 times)
itsik78
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July 27, 2018, 07:35:00 PM
 #61

I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies

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August 02, 2018, 09:57:16 AM
 #62

I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies
This is quite a tremendous success from India that they are making good moves in here. Actually they are trying to make good impact on world that this country is in competition too. They are playing between the lines so next step form their side would be formation of strong belt in crypto traders. They will occupy market with most of investment from their country ND nation.

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August 02, 2018, 10:35:27 AM
 #63

Some positive news on India.

India may not ban cryptocurrency after all
India Turns to Discreet Trading Methods to Circumvent Cryptocurrency Ban
Media: Crypto Exchange Huobi’s OTC Trading Platform to Support India Rupee Transactions

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August 05, 2018, 07:52:37 PM
 #64

I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies
India should learn from other countries to facilitate the country’s people to let them enjoy the crypto currency market just like people enjoy in other tax free countries. Besides this there are many crypto currencies introducing in India which have created traffic and stress in the country that is why India is in action but their actions are indicating that they are not learning from other countries which are running properly with the crypto currencies.

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August 05, 2018, 11:20:45 PM
 #65

On April 5, the Central Bank of India (RBI) issued a moratorium on electronic money. The RBI requires domestic banks to stop dealing with electronic money transactions, as well as ban banks from providing services to domestic electronic money businesses.
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August 05, 2018, 11:59:39 PM
 #66

Increased chances were available, but we don't know what will be the stand of the government. On one side among the Asian countries it is the one that has got each and every agenda related to digitization, but when it comes to bitcoin they act in the opposite manner. If the respective government find the true need of bitcoin surely they'll help in the uplifting.


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August 06, 2018, 01:04:07 AM
 #67

Recently, bloomberg and some other cryptocurrency media channel published a news that they have information from the sources in indian govt. that government is planning to apply 18% GST on bitcoin purchasing.

it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,

another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,

so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?


Will in this information that we heard thats there is a big possibility thats indian government will uplift the band period of cryptocurrency on there country,because they thinks now,thats doing crypto is good for the people of india,and its great oppurtunity thats indian people would doing great investment and paying tax through digital currency investment,and this application of GST of the government,to the people of india is there way to  proposed a proper income tax.

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August 12, 2018, 07:27:17 PM
 #68

Increased chances were available, but we don't know what will be the stand of the government. On one side among the Asian countries it is the one that has got each and every agenda related to digitization, but when it comes to bitcoin they act in the opposite manner. If the respective government find the true need of bitcoin surely they'll help in the uplifting.
I think they may not have figured out the nature of bitcoin yet and have no backup plans. For fear of evil can happen to the corrupt. And when they plan to confront the market, then I believe they are opening the door. Give financial markets electronic money into their country. That is the future project I believe so.

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August 12, 2018, 07:34:24 PM
 #69

I assume once the world begins using crypto more and more the 1 billion people of India will hopefully ignore the government and start using it.  Amazing 1 billion people will let a few in power tell them what to do. 
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August 14, 2018, 01:19:13 PM
 #70

The government can issue a ban. But will the people agree that the benefits of Bitcoin for them are so obvious? I think Indian people understand the special information about Bitcoin because India has a very developed information technology. Prohibition is a matter for the government. But how people accept it is another matter. Banning Bitcoin is not an easy matter.
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August 14, 2018, 01:22:44 PM
 #71

Thanks for sharing information from you. Through other channels I learned that India is not strictly forbidden for anything related to electronic money or the Cryptocurrency market. But the laws of their country place certain constraints on those who conduct transactions in the Cryptocurrency market, which manages the government's electronic money. People should not worry about the Indian news banned Bitcoin.
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